A year ago, generative AI (GenAI) was just coming onto the scene for enterprises— now it’s a priority. As organisations around the world deploy GenAI for customer service, automation, and many other business cases, they understand its requirements — huge volumes of data, massive computing power, advanced security architecture, and rapid scalability
Nestle India, Coforge, Hindustan Aeronautics and Godrej Properties among 178 stocks that hit 52-week high; 9 touch 52-week low
After reaching a record high during early trade, propelled by the announcement of the RBI’s MPC decision to maintain unchanged interest rates, the benchmark equity indices continue to trade in the green on Friday. The NSE Nifty 50 is trading at 20,904.80, up 0.02%, while the BSE Sensex trades at 69,653.05, up 0.19%. The broader […]
Year ahead: Oil markets may remain volatile in 2024 also
The global oil markets in 2023 were impacted by geopolitical tensions, sluggish demand from the world’s top consumers, and a tightening global supply, all of which resulted in high volatility in prices throughout the year. Even as the global players try their best to contain the turbulence now, experts see the oil market striving to […]
Tata Technologies offer price finalised at Rs 500 per share
Tata Motors on Saturday said its arm Tata Technologies has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share for its Initial Public Offering (IPO). The Rs 3,042.5 crore IPO of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final
Markets end higher on November 29; top gainers include Axis Bank, Hero MotoCorp, Mahindra & Mahindra, while Financial Services and Media stocks are among the key losers
The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 soars 206.90 points or 1.04% to settle at 20,096.60, while the BSE Sensex jumped 727.70 points or 1.10% to 66,901.91. Bank Nifty index jumped 685.50 points or 1.56% to settle at 44,566.45. The broader indices ended in positive territory, [&hel
IREDA booked 2x on first day
Indian Renewable Energy Development Agency (IREDA) garnered full subscription for its initial public offering (IPO) on Tuesday — the first day of bidding — following strong demand from across categories. It will remain open till Thursday. According to exchange data, the issue received bids of close to 921 million equity shares against the offered 4
Jefferies maintains ‘Buy’ recommendation on Bajaj Finance, sees 29% upside
The Bajaj Finance stock has been in focus after the Reserve Bank of India (RBI) directed the company to halt the sanction and disbursal of loans under its ‘eCOM’ and ‘Insta EMI Card’ products due to non-compliance with digital lending norms. However, brokerages are not very worried. Jefferies, has upheld its ‘Buy’ recommendation on Bajaj […]
How to Navigate Volatility?
By Deepak Jasani Volatility in the financial markets is not as bad as it is made out to be. It gives rise to opportunities for investors and traders to earn. Without volatility, there would be no price moves, which would mean no profits. However, very high volatility increases the risk of losses. Therefore, learning to […]
Diwali Special: Top 10 stocks that have outperformed the Index between last Diwali to this Diwali
As the festival of light is set to brighten up your house, the stock market is seeing its own illuminating spectacle, with a select group of stocks showcasing stellar performances from Diwali 2022 to Diwali 2023. The Indian index, which gave returns of 6% from last Diwali to this, has been overshadowed by these top […]
Rating: BUY | Stagnant to modest growth for Tata Power
By Nuvama Research In Q2FY24, Tata Power (TPWR) recorded a consolidated PAT of Rs 8.75 billion (after minority interests), reflecting a 7% y-o-y increase. The decline in coal profits was mitigated by positive developments such as (i) CGPL turning PAT positive (operating under Sec-11), (ii) higher PAT in solar EPC/Odisha discom, and (iii) reduced lo